2.3 Credit NFT

Decentralized credit rating and lending algorithms run automatically based on the data contained in the on-chain credit NFT (cNFT). Each cNFT is generated with a decentralized identity (DID) at its core and includes:

• The status of assets across all wallet addresses associated with the DID

• The transaction history as well as present status on each DeFi protocol

• The credit rating calculated by the CreDA Credit Oracle

• CREDA tokens minted by the user onto their cNFT

The CreDA protocol maintains sufficient operating assets and corresponding cross-chain interfaces for each cNFT.

Deposit ⧫ Borrow ⧫ Insure ⧫ Underwrite